Income discount in detail
We offer 50% discount on your annual fees if you meet all the following eligibility criteria:
- You’re registered with or without a licence to practise.
- You pay a fee that has not already been discounted.
- Your gross taxable income from all sources during your registration year is less than £32,000.
We define income as your gross annual worldwide taxable income from all sources, including:
- investment income
- maternity pay
- sick pay
- any kind of benefit, excluding child benefit.
You should calculate your income between your annual retention fee dates, not your income earned in the tax year.
For example: If your annual retention fee due date is 1 August and you're applying for the year 2021–22, you’d calculate your actual or expected income from 1 August 2021 to 31 July 2022.
You must submit a separate application each year to receive this discount.